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METROPOLITAN STATE UNIVERSITY FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
METROPOLITAN STATE UNIVERSITY FOUNDATION (EIN 23-7296162)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-11-14
IRS object ID
202443199349302374
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T10:21:15-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN416192096PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BOYUM & BARENSCHEER PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13050 METRO DR STE 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554251547ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237296162EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN STATE UNIVERSITYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMETRBusinessNameControlTxt
Phone6517931830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST SEVENTH ST SUITE 218 FOUNAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP551015000ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRACHEL HUGHESPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6517931830PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAT SIEVERTPreparerPersonNm
PTINP00223580PTIN
Phone9528544244PhoneNum
Preparation2024-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRACHEL HUGHESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 E 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,341,851GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.METROSTATE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1972FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers109TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,194,174PYContributionsGrantsAmt
CY Contributions Grants$991,668CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$253,589PYInvestmentIncomeAmt
CY Investment Income$314,847CYInvestmentIncomeAmt
PY Other Revenue$41,245PYOtherRevenueAmt
CY Other Revenue$25,401CYOtherRevenueAmt
PY Total Revenue$1,489,008PYTotalRevenueAmt
CY Total Revenue$1,331,916CYTotalRevenueAmt
PY Grants And Similar Paid$852,860PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,083,207CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$58,447CYTotalFundraisingExpenseAmt
PY Other Expenses$253,043PYOtherExpensesAmt
CY Other Expenses$253,332CYOtherExpensesAmt
PY Total Expenses$1,105,903PYTotalExpensesAmt
CY Total Expenses$1,336,539CYTotalExpensesAmt
PY Revenues Less Expenses$383,105PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,623CYRevenuesLessExpensesAmt
Total Assets BOY$11,284,796TotalAssetsBOYAmt
Total Assets EOY$12,019,192TotalAssetsEOYAmt
Total Liabilities BOY$128,304TotalLiabilitiesBOYAmt
Total Liabilities EOY$30,391TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,156,492NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,988,801NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$435,172ExpenseAmt
Grant$435,172GrantAmt
DescTO PROVIDE SUPPORT TO THE VARIOUS UNIVERSITY ACADEMIC PROGRAMS AND SPECIAL INITIATIVES, ENABLING THE FURTHER STRENGTHENING OF THESE PROGRAMS. SIGNIFICANT PROGRAMS DEVELOPED AND ASSISTED WERE THE URBAN EDUCATION PROGRAM, AND THE SAFE FUND PROGRAM, WHICH PROVIDES EMERGENCY FUNDING FOR STUDENT FINANCIAL EMERGENCIESDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$648,035ExpenseAmt
Grant$648,035GrantAmt
DescTO PROVIDE SUPPORT TO STUDENTS WITH FINANCIAL NEED THROUGH THE FOUNDATION'S PRIVATELY FUNDED SCHOLARSHIP PROGRAM. APPROXIMATELY 550 SCHOLARSHIPS WERE AWARDED THIS YEARDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$9,967ExpenseAmt
DescTHE ALUMNI ASSOCIATION IS TO GENERATE MAXIMUM PUBLIC AWARENESS FOR THE UNIVERSITY, TO RECOGNIZE THE ACCOMPLISHMENTS AND CONTRIBUTIONS OF ALUMNI AND FACULTY, INSPIRE PROSPECTIVE STUDENTS TO ATTEND THE UNIVERSITY, COLLABORATE WITH THE UNIVERSITY IN ITS EFFORT TO BUILD RELATIONSHIPS WITH ALUMNI AND CONSTITUENCY, AND HELP STUDENTS FOSTER A LIFELONG RELATIONSHIP WITH THE UNIVERSITY.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$21,959ExpenseAmt
DescTO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$21,959TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$1,115,133TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRACHEL HUGHESPersonNm
Phone6517931830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 E 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
RACHEL HUGHES
EXECUTIVE DI40.00Yes (X)$0$125,286$23,112
JOSEPH ELLIS
CHAIR0.50Yes (X)$0$0$0Yes (X)
JEANETTE AUGUSTSON
VICE CHAIR0.50Yes (X)$0$0$0Yes (X)
HARPREET ANAND
TREASURER0.50Yes (X)$0$0$0Yes (X)
OCHEN KAYLAN
SECRETARY0.50Yes (X)$0$0$0Yes (X)
ZEESHAN BAIG
TRUSTEE0.10$0$0$0Yes (X)
CHRISTINE BOESE
TRUSTEE0.10$0$0$0Yes (X)
WENDY BREKKEN
TRUSTEE0.10$0$0$0Yes (X)
ROBERT CARTER
TRUSTEE0.10$0$0$0Yes (X)
TONY GAGLIARDO
TRUSTEE0.10$0$0$0Yes (X)
LAURA HAWKINS
TRUSTEE0.10$0$0$0Yes (X)
EZELL JONES
TRUSTEE0.10$0$0$0Yes (X)
SUHANTHI KAMESH
TRUSTEE0.10$0$0$0Yes (X)
JAY LAUGHLIN
TRUSTEE0.10$0$0$0Yes (X)
COLIN PARTRIDGE
TRUSTEE0.10$0$0$0Yes (X)
BETH RUSSELL
TRUSTEE0.10$0$0$0Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$125,286TotReportableCompRltdOrgAmt
Total Other Compensation$23,112TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$49,931FundraisingAmt
All Other Contributions$941,737AllOtherContributionsAmt
Noncash Contributions$31,516NoncashContributionsAmt
Total Contributions$991,668TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$314,847TotalRevenueColumnAmt
Exclusion$314,847ExclusionAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$49,931ContriRptFundraisingEventAmt
Fundraising Direct Expenses$9,935FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$9,935TotalRevenueColumnAmt
Exclusion-$9,935ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$16GrossSalesOfInventoryAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$16TotalRevenueColumnAmt
Exclusion$16ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
ADMIN FEES900099$34,888$34,888
OTHER REVENUE900099$432$432
FieldValueIRS element (for citing)
Other Revenue Total$35,320OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,331,916TotalRevenueColumnAmt
Exclusion$340,248ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$435,172TotalAmt
Program Services$435,172ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$648,035TotalAmt
Program Services$648,035ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$55,213TotalAmt
Management And General$55,213ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$44,867TotalAmt
Management And General$44,867ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$51,976TotalAmt
Management And General$51,976ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,493TotalAmt
Management And General$1,493ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
GRANTS AND DEVELOPMENT$36,075$36,075
DEVELOPMENT STAFF SUPPORT$21,384$21,384
MISCELLANEOUS$17,669$8,834$8,835
OTHER ALUMNI ASSOCIATION$8,273$8,273

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,382TotalAmt
Program Services$2,269ProgramServicesAmt
Management And General$575ManagementAndGeneralAmt
Fundraising$13,538FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,336,539TotalAmt
Program Services$1,115,133ProgramServicesAmt
Management And General$162,959ManagementAndGeneralAmt
Fundraising$58,447FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$60,621BOYAmt
EOY$57,583EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,113BOYAmt
EOY$16,596EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$635,034BOYAmt
EOY$334,055EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$55,826BOYAmt
EOY$67,492EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$10,517,202BOYAmt
EOY$11,543,466EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,284,796BOYAmt
EOY$12,019,192EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$108,304BOYAmt
EOY$30,391EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$6,500BOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$13,500BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$128,304BOYAmt
EOY$30,391EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,240,561BOYAmt
EOY$1,397,161EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,915,931BOYAmt
EOY$10,591,640EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,156,492BOYAmt
EOY$11,988,801EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,284,796BOYAmt
EOY$12,019,192EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$4,623ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$836,932NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,415,972CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,155,920CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,635,742CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,194,174CurrentTaxYearMinus1YearAmt
Current Tax Year$991,668CurrentTaxYearAmt
Total$6,393,476TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,415,972CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,155,920CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,635,742CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,194,174CurrentTaxYearMinus1YearAmt
Current Tax Year$991,668CurrentTaxYearAmt
Total$6,393,476TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,575,493SubstantialContributorsTotAmt
Public Support Total170$4,817,983PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$215,388CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$168,501CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$320,859CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$255,402CurrentTaxYearMinus1YearAmt
Current Tax Year$314,847CurrentTaxYearAmt
Total$1,274,997TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,912CurrentTaxYearMinus3YearsAmt
Total$2,935TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$41,245CurrentTaxYearMinus1YearAmt
Current Tax Year$35,336CurrentTaxYearAmt
Total$76,581TotalAmt
FieldValueIRS element (for citing)
Total Support$7,747,989TotalSupportAmt
Public Support CY1700.62180PublicSupportCY170Pct
Public Support PY1700.59950PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationADMINISTRATIVE FEES 71,444 OTHER INCOME 5,121 INVENTORY SALES 16ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,652,882BeginningYearBalanceAmt
Contributions$302,706ContributionsAmt
Investment Earnings Or Losses$962,303InvestmentEarningsOrLossesAmt
Grants Or Scholarships$182,599GrantsOrScholarshipsAmt
End Year Balance$9,735,292EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,536,151BeginningYearBalanceAmt
Contributions$533,294ContributionsAmt
Investment Earnings Or Losses$733,782InvestmentEarningsOrLossesAmt
Grants Or Scholarships$150,345GrantsOrScholarshipsAmt
End Year Balance$8,652,882EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,484,841BeginningYearBalanceAmt
Contributions$267,708ContributionsAmt
Investment Earnings Or Losses-$1,073,345InvestmentEarningsOrLossesAmt
Grants Or Scholarships$143,053GrantsOrScholarshipsAmt
End Year Balance$7,536,151EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,185,424BeginningYearBalanceAmt
Contributions$652,496ContributionsAmt
Investment Earnings Or Losses$1,738,793InvestmentEarningsOrLossesAmt
Grants Or Scholarships$91,872GrantsOrScholarshipsAmt
End Year Balance$8,484,841EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,016,762BeginningYearBalanceAmt
Contributions$292,922ContributionsAmt
Investment Earnings Or Losses-$9,854InvestmentEarningsOrLossesAmt
Grants Or Scholarships$114,406GrantsOrScholarshipsAmt
End Year Balance$6,185,424EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.05720BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.66700PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.27580TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,855,554TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$836,932NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$731,573DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,568,505RevenueNotReportedAmt
Revenue Subtotal$1,287,049RevenueSubtotalAmt
Investment Expenses Not Incld$44,867InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$44,867RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,331,916TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,023,245TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$731,573DonatedServicesUseFcltsAmt
Expenses Not Reported$731,573ExpensesNotReportedAmt
Expenses Subtotal$1,291,672ExpensesSubtotalAmt
Investment Expenses Not Incld2$44,867InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$44,867ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,336,539TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND ACADEMIC PROGRAM SUPPORT.
SCHEDULE D, PAGE 3, PART XTHE FOUNDATIONS FEDERAL AND STATE TAX FILINGS FOR THE PAST THREE YEARS ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1RISE TO SHINEEvent1Nm
Gross Receipts Event1$49,931GrossReceiptsEvent1Amt
Charitable Contri Event1$49,931CharitableContriEvent1Amt
Food And Beverage Event1$6,554FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$3,381OtherDirectExpensesEvent1Amt
Gross Receipts Total$49,931GrossReceiptsTotalAmt
Charitable Contributions Tot$49,931CharitableContributionsTotAmt
Food And Beverage Total Events$6,554FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$3,381OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$9,935DirectExpenseSummaryEventsAmt
Net Income Summary-$9,935NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd
FieldValueIRS element (for citing)
Recipient EIN416007162RecipientEIN
IRC SectionGOVIRCSectionDesc
Cash Grant$435,172CashGrantAmt
Purpose Of GrantUNIVERSITY SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS FOR INDIVIDUGrantTypeTxt
Recipient550RecipientCnt
Cash Grant$648,035CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationSTUDENTS APPLY FOR SCHOLARSHIPS USING AN APPLICATION FORM. THIS FORM IS REVIEWED BY SCHOLARSHIP COMMITTEES IN CONJUNCTION WITH INFORMATION FROM THE FINANCIAL AID OFFICE. DOCUMENTATION IS KEPT ON ALL AWARDS MADE INCLUDING RECIPIENT NAME, AMOUNT AND WHICH SCHOLARSHIP WAS RECEIVED.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution4ContributionCnt
Noncash Contributions Rpt F990$28,403NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescOTHER IN-KINDSDesc
Contribution2ContributionCnt
Noncash Contributions Rpt F990$3,113NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PAGE 2, PART IIFormAndLineReferenceDesc
ExplanationTHE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DTO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.
FORM 990, PAGE 6, PART VI, LINE 8BTHERE IS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PAGE 6, PART VI, LINE 11BTHE FORM 990 IS PRESENTED TO THE FOUNDATIONS FINANCE AND AUDIT COMMITTEE FOR REVIEW. THE FINANCE AND AUDIT COMMITTEE IS GIVEN THE OPPORTUNITY TO COMMENT AND IS ULTIMATELY GIVEN THE CHARGE TO APPROVE FOR SUBMISSION ON BEHALF OF THE METROPOLITAN STATE UNIVERSITY FOUNDATION.
FORM 990, PAGE 6, PART VI, LINE 12CMANAGEMENT REGULARLY AND CONSISTENTLY MONITORS THIS POLICY WITH CURRENT BOARD MEMBERS. IF A CONFLICT OF INTEREST SITUATION IS IDENTIFIED, PROCEDURES ARE IN PLACE FOR FULL ENFORCEMENT OF COMPLIANCE WITH THE POLICY.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd
FieldValueIRS element (for citing)
EIN416007162EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity Status2PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
METROPOLITAN STATE UNIVERSITY
B$435,172CASH
METROPOLITAN STATE UNIVERSITY
N$168,825CALCULATED
METROPOLITAN STATE UNIVERSITY
O$562,749CALCULATED